PXLW Trade on Jul 9, 2014 14:17 from Jerry_C_BOWS: Tradervue User Stock Trades.

I thought it was ready to go back to the HOD. Took a small scale out to minimize my risk. Still had my stop set too low. My only truly bad trade today based on poor risk management.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-07-09 14:17:03	PXLW	buy	$8.940	long
2014-07-09 14:21:03	PXLW	buy	$8.990	long
2014-07-09 14:45:09	PXLW	sell	$8.810	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PXLW&trade=1149584&end=20140808&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PXLW&trade=1149584&end=20140709160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ckz8780

2014-07-09 22:58:33

Cmon this wasn't poor risk management! The original stop was 8.74 from 8.94, 20 cents, so you doubled it up then tightened the stop. You did exactly what you were supposed to...the trade just didn't work. poor risk management would have been buying it at 9.10 and selling it at the end of the day :)

ckz8780

2014-07-09 22:59:11

I will admit though the entry would have been nicer at 8.90. That's my fault...I chased it a bit, but that's why I went half size then doubled up on confirmation above $9. Still think the main issue was just that it didn't work!

PXLW Trade on Jul 9, 2014 14:17 from Jerry_C_BOWS: Tradervue User Stock Trades.

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